Wednesday, February 25, 2009
Rick Aristotle Munarriz
February 18, 2009
We're two months away from eBay's (Nasdaq: EBAY) annual shareholder
meeting, but you know it's going to be a doozy.
Things may be humming along relatively well at some of the company's
appendages, like PayPal and Skype, but the namesake site is a mess.
Folks have been complaining about the flagship auction site for
years. I've been covering eBay since the 1990s, and it's rare to put
out an article and not have a faction of disgruntled sellers -- or ex-
Power Sellers -- chime in with complaints.
Scorched earth has never been much of a problem at eBay. If it lost a
frustrated quilt maker in Des Moines, it would pick up a baseball
card trader in Austin and a CD reseller in Munich. Growth was on
cruise control, despite the potholes.
It's a different world these days:
eBay's marketplace revenue fell by a sharp 16% this past quarter,
during the same holiday quarter that found Amazon.com's (Nasdaq:
AMZN) growth soaring.
See entire article at: http://www.fool.com
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